Take-Two Stock Jumps on Earnings. CEO Sees ‘Extraordinary’ Excitement for New GTA Game.

📆 09.11.2023 0:50:00
📰 MarketWatch

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The executive also said the economic environment for mobile game advertising was “still challenging.”

Take-Two Interactive reported adjusted revenue that met expectations and reiterated its full-year bookings guidance. But the attention of investors and gamers was more fixated on details about the videogame publisher’s next Grand Theft Auto title.

For its December quarter, Take-Two gave an adjusted revenue guidance range of $1.3 billion to $1.35 billion versus the $1.43 billion average analyst estimate. The company also reiterated its full fiscal year adjusted revenue guidance range of $5.45 billion to $5.55 billion. During a phone interview, Barron’s asked Zelnick what the level of excitement was internally for the next installment in the franchise. He said it was extraordinary and the title was highly anticipated by gamers.

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